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JUBILEE PLATINUM PLC - Issue of equity

Release Date: 27/02/2013 09:00
Code(s): JBL     PDF:  
Wrap Text
Issue of equity

Jubilee Platinum PLC
Registration number (4459850)
JSE share code: JBL
AIM share code: JLP
ISIN: GB0031852162
("Jubilee" or the "Company")


ISSUE OF EQUITY


Further to the announcement on 27 September 2012, Jubilee, the
AIM and JSE Limited ("JSE") quoted mine-to-metal specialist,
is issuing 1,194,455 Shares as the third and final tranche of
consideration for the purchase of further shares in Jubilee
subsidiary Power Alt (Pty) Ltd (“Power Alt”). As a result,
Jubilee’s holding in Power Alt will increase by 1.9% to 70%
and completes its acquisition goal for Power Alt, thereby
enabling the Company to pursue its strategy to maximise
Jubilee’s exposure to the growing demand for the sale of
private energy to the South African electricity public
utility.


The Company expects that 1,194,455 ordinary shares of 1 pence
each will be admitted to trading on AIM and the JSE on 28
February at 8am United Kingdom time and 10am South African
time respectively.


Following the above share issue, the total issued share
capital of the Company will be 346,304,576. The Company holds
no ordinary shares in treasury. Therefore, following the issue
of equity, the total number of voting rights in the Company
will be 346,304,576.


Contacts
Jubilee Platinum plc
Colin Bird/Leon Coetzer
Tel +44 (0) 20 7584 2155 / Tel +27 (0)11 465 1913
Andrew Sarosi
Tel +44 (0) 1752 221937


finnCap Ltd
Matthew Robinson/Ben Thompson – corporate finance
Joanna Weaving – corporate broking
Tel +44 (0) 20 7220 0500


Shore Capital Stockbrokers Limited (Joint Broker)
Jerry Keen/Edward Mansfield
Tel: +44 (0) 20 7 408 4090


Sasfin Capital
Leonard Eiser/Sharon Owens
Tel +27 (0) 11 809 7500


Bishopsgate Communications Ltd
Nick Rome/Anna Michniewicz/Ivana Petkova
Tel +44 (0) 20 7562 3350


27 February 2013
Johannesburg


Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)

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